Chapter 17 World development and interdependence World development and interdependence.
Copyright © 2006 Thomson Learning 3 Interdependence and the Gains from Trade.
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Transcript of Copyright © 2006 Thomson Learning 3 Interdependence and the Gains from Trade.
![Page 1: Copyright © 2006 Thomson Learning 3 Interdependence and the Gains from Trade.](https://reader036.fdocuments.us/reader036/viewer/2022062802/56649ead5503460f94bb49e0/html5/thumbnails/1.jpg)
Copyright © 2006 Thomson Learning
33Interdependence and the Gains from Trade
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Table 1 The Production Opportunities of the Farmer and Rancher
Copyright © 2004 South-Western
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Figure 1 The Production Possibilities Curve
Copyright©2003 Southwestern/Thomson Learning
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Figure 1 The Production Possibilities Curve
Copyright©2003 Southwestern/Thomson Learning
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Table 2 The Gains from Trade: A Summary
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Figure 2 How Trade Expands the Set of Consumption Opportunities
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Figure 2 How Trade Expands the Set of Consumption Opportunities
Copyright © 2004 South-Western
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Table 2 The Gains from Trade: A Summary
Copyright © 2004 South-Western
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Copyright © 2006 Thomson Learning
Table 3 The Opportunity Cost of Meat and Potatoes
Opportunity cost of:
1 kilogram of meat
1 kilogram of potatoes
Gardener 4kg of potatoes 0.25kg of meat
Farmer 2 kg of potatoes 0.5kg of meat